New Survey Reveals Home Ownership Aspirations in New Zealand

A recent survey conducted by Kiwibank has revealed a complex picture of home ownership aspirations in New Zealand. While a significant number of respondents continue to regard home ownership as central to the “Kiwi Dream,” many feel increasingly disillusioned about their prospects of securing a property.

The second Kiwibank State of Home Ownership report indicates that 85% of participants believe that owning a home is a fundamental aspect of their national identity. This figure has remained consistent since the previous report in 2024. Despite this strong sentiment, the survey highlights a growing sense of frustration among potential buyers.

Confidence in achieving home ownership has improved slightly; however, a substantial 57% of respondents still feel excluded from the housing market. Alarmingly, 46% of those who do not currently own a home have expressed that they have “given up hope” of ever purchasing one. This statistic underscores the challenges many individuals face in an environment marked by rising property prices and limited availability.

Steve Jurkovich, the Chief Executive of Kiwibank, emphasized that the desire for home ownership remains a pillar of New Zealand’s societal values. He noted that despite the challenges, there is a notable resilience among those aspiring to enter the property market. The findings reflect a determination to pursue home ownership, even in the face of obstacles.

This survey sheds light on the evolving dynamics of the New Zealand housing market. The persistent view of home ownership as an important goal illustrates a deep-rooted cultural belief, yet the significant proportion of respondents who feel disenfranchised highlights a pressing need for policy discussions around housing accessibility.

As New Zealand grapples with these issues, the insights from the Kiwibank report may serve as a catalyst for further dialogue on how to enhance opportunities for home ownership across the nation. The survey not only captures the current sentiments of New Zealanders but also raises critical questions about the future of housing in the country.